Australia's Eastern Resources jumps on partnership deal for lithium projects

Eastern Resources

04/05/2022 04:24

** Shares of the iron ore explorer  EFE.AX  soar as much as
13% to A$0.052, their biggest intra-day pct jump since April. 4 
    ** Co signs partnership deal with lithium carbonate producer
Yongxing Special Materials Technology  002756.SZ  for the
acquisition and development of lithium mineral "lepidolite"
projects in Australia  urn:newsml:reuters.com:*:nASX2zhDb1 
    ** Says a joint venture for identification of potential
lepidolite projects in Australia is underway 
    ** Shares hit their highest levels since April. 21 
    ** More than 20.15 mln shares change hands as compared with
the 30-day average volume of ~15.2 mln shares  
    ** Stock down 13.2% this year, as of last close, vs a 1.8%
decrease in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))